Latest News:  
Beijing   Sunny    4 / -7   City Forecast

People's Daily Online>>China Business

China sets up organization to help public companies

By Xu Zhifeng and Yang Jie (People's Daily)

14:45, February 18, 2012

Edited and Translated by People's Daily Online

The China Association for Public Companies was officially established in Beijing on Feb. 15. Guo Shuqing, chairman of the China Securities Regulatory Commission (CSRC), said that the association will constantly help public companies improve their corporate governance, enhance government supervision, and promote the maturity of China’s capital markets.

Guo said that there are some flaws in the structure of China’s public companies.

First, technological innovations cannot catch up with the development of the capital markets. Practical efforts must be made to provide high-tech companies and small enterprises, especially those start-up companies with equity and bond financing.

Second, the connection between the agricultural sector and capital markets is not close enough. There remains great room for developing more securities and futures products that closely related with agriculture, rural areas, and farmers.

Third, China has not established a stable, mutually beneficial relationship between its social security system and capital markets.


Leave your comment0 comments

  1. Name


Selections for you

  1. Diamonds set to sparkle in China

  2. Chinese movies make strong comeback

  3. Tourists visit snow covered Hungarian

  4. Director Tsui Hark brings movie to Berlinale

Most Popular


  1. Promoting peace talks shows China's attitude
  2. European integration at crossroad
  3. China needs to improve overseas security
  4. National interests may trump prior goodwill
  5. China, India should strengthen mutual trust
  6. China, EU should cooperate calmly and rationally
  7. Chinese VP's US visit strengthens bilateral ties
  8. Returning to Libya not easy for Chinese companies
  9. Xi’s visit offers chance to renew consensus
  10. China should continue tight monetary policy

What's happening in China

Audience injuries at Chongqing Faye Wong concert

  1. Eye laser surgery safe, say doctors
  2. Proview says it will sue Apple
  3. Tour bus crash in Taiwan injures 32 from mainland
  4. Palace Museum accused stole 'on spur of moment'
  5. 5.2-magnitude earthquake hits Tibet: CENC

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai